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National economy relies heavily on Toronto and Vancouver housing markets
A recent Fraser Institute study showed that over the past decade, economic growth in British Columbia has heavily relied on the residential housing boom in the Lower Mainland. B.C.’s growth has been highly leveraged directly to housing ...
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Wake up—Canada has a business investment crisis
Appeared in the National Newswatch, October 24, 2018 Capital investment is the lifeblood of economic growth and, therefore, of higher living standards. Increased capital, both tangible (machinery, equipment) and intangible (software, for example), boosts ...
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The Canadian economy at the precipice
Appeared in Business in Vancouver, September 18, 2018 Any projection of the Canadian economy’s trajectory depends heavily upon one’s outlook for the ongoing NAFTA negotiations. If the United States and Canada renew NAFTA, the outlook for Canada’s economy ...
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Memo for President Trump—Canada runs a trade deficit with the U.S.
President Donald Trump issued a bizarre pronouncement this week—that Canada engages in smooth diplomatic trickery when it comes to trade relations with the United States. At a meeting with U.S. governors at the White House, the president ...
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There are ways to help restore Canada’s troubled manufacturing sector
Canada’s manufacturing sector is not doing well. The recently announced RBC Canadian Purchasing Manager’s Index (PMI)—a measure of business conditions in the manufacturing sector—fell in December 2015 to 47.5 from 48.6 in November. Any ...